KDB Financial's Min Rues `Very Good Opportunity' He Missed to Buy Lehman Nov 18, 2009
Under the proposed deal, would have taken over good assets from operations in the U.S., Asia and Europe, as well as the Neuberger Berman money management unit, after spinning off distressed holdings into a bad bank, Min said. A full takeover would have followed six months later, depending on the progress of restructuring the good bank, he said. (Bloomberg -- Asia)
Masterpieces of the Universe Oct 21, 2009
Goldman Sachs-VP-turned-author Lisa Endlich that s (GS) art collection is unusual," including enormous weathervanes, daguerreotypes and a wide variety of patchwork quilts. Another book that pieces by Andy Warhol, Frank Stella, and Mel Bochner dot the halls. A former art consultant a work by Jenny Holzer, placed near the cafeteria, that read buckets of blood/corporate greed, and was taken down (but not sold) after two weeks. Credit: originalprints.com 6 of 7 Lehman Brothers:... (Slate)
Fidelity Gains on Life Insurer Rally as Paulson Increases His Conseco Bet Oct 16, 2009
Investment firm Neuberger Berman Group LLC raised its stake in Lincoln more than 100-fold in the second quarter and stands to make a gain of about $42 million on the purchase ... a Goldman Sachs spokeswoman, and Neuberger Bermans declined to comment. (Bloomberg -- US)
Harvard Losing Money With External Managers Helps Mendillo Return to Roots Oct 8, 2009
The overall experience at Harvard is similar to other sophisticated endowments, said , head of investment strategy and risk at Neuberger Berman LLC in New York, which manages $158 billion for institutions and wealthy clients. Even the best endowments in the world can get squeezed in a crisis. (Bloomberg)
Lehman creditors seek billions Sep 24, 2009
Neuberger Berman money manager Judith Vale wants $US12 ... Neuberger Berman money managers acquired 51 per cent of that company without putting up any cash. (Sydney Morning Herald -- Business)
Intel raises revenue forecast Aug 29, 2009
Intel raised its forecasts citing stronger demand, and Charles Kantor, of Neuberger Berman, and Linda Duessel, of Federated Investors, discuss how this will ripple through the rest of the market. CNBC. (MSNBC -- Business)
ClearBridge Advisors Announces Departure of Robert Gendelman Aug 29, 2009
This followed a long and successful career with Neuberger Berman. Peter Sundman, the chief executive officer of ClearBridge, stated that "We are proud of Robert's achievements while with us at ClearBridge and of the successes that he enjoyed. We are grateful for his service and contributions to our organization and its Management Committee and wish him every success in the future.". (PR Newswire)
Money manager completes sale from Lehman May 5, 2009
Employees of Neuberger Berman have acquired the majority of the firm, and , the holding company for the remaining assets of the New York investment bank, retains a minority stake. Reader Comments. (Dallas Business Journal, TX)
Emerging markets funds up, but rely on developed world Apr 15, 2009
Neuberger Berman Emerging Markets Equity Fund A, NEMAX. 17. (USA Today -- Money)
Shepherd Smith Edwards & Kantas LLP Continues to Investigate and File Claims Involving Lehman Brothers' 'Structured Products' Apr 10, 2009
In fact, major brokerage houses, including UBS (NYSE: - ), Charles Schwab (NasdaqGS: - ), Neuberger Berman and others, marketed these products to some of their best and most conservative clients. In reality, these investments were being used by Lehman Brothers, and other brokerage firms, to help finance their operational shortfalls. (Primezone Releases)
The crisis I: A tsunami of excuses Mar 13, 2009
In 2003 Cayne passed on chances to diversify his firm by buying Pershing, the back office and clearing unit of Credit Suisse First Boston, and Neuberger Berman, a midsize money manager. "Acquisitions were not my forte," Cayne told me. (International Herald Tribune)
PNC files suit in failed currency deal Feb 27, 2009
Under an Aug. 6 agreement, Neuberger Berman was to deliver $40 ... 4 million euros to Neuberger Berman ... On Feb. 11, according to the suit filed in U.S. District Court for the Western District of Pennsylvania, Neuberger Berman failed to deliver the $40. (Pittsburgh Business Times, PA)
Real Estate - Real Time Feb 11, 2009
CityPlace Tower last week said money management firm Neuberger Berman had leased 4,000 square feet and will move from its office in Palm Beach. The 300,000-square-foot building on Okeechobee Boulevard in West Palm Beach was developed by Related Cos. (The Palm Beach Post)
